We recently had an appraiser value an undivided interest in West Texas ranch land. The appraiser discounted the interest by 50%. So that means that if the whole value of the land would have been worth 100,000, a 25% interest would be worth $12,500 rather than...

Have you ever noticed abandoned or severely dilapidated houses that stand apart from their communities? I’m talking about the homes you see where someone clearly spent significant money to purchase them or to pay off a mortgage over a number of years. How do...